Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 51 - 60 of 677 results for "Age Pension"

Dutton doubles down on 'super for housing' policy

ELIZA BAVIN  |  FRIDAY, 28 MAR 2025
... and cost-of-living pressures on younger Australians. "And if people retire with less super, that will also push up Age Pension costs - a bill that every Australian taxpayer would pay." Along with the 'super for housing' policy, Dutton laid blame on increased ...

DBFO reforms package 'pretty disappointing': FAAA

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... superannuation trustees to provide advice on key areas of retirement to consumers, like, estate planning, aged care, and the Age Pension, including the Home Equity Access Scheme. She noted that funds have little commercial incentive to offer advice in ...

Fixing retirement system an election priority: Grattan

JAMIE WILLIAMSON  |  MONDAY, 17 MAR 2025
... the benefits flowing to the wealthiest 20% of households. By the mid-2040s, they're expected to cost more than the Age Pension. This is largely because the tax breaks don't reduce Age Pension spending, given it's the households that would likely be ineligible ...

Treasury drafts superannuation retirement income principles

ANDREW MCKEAN  |  MONDAY, 24 FEB 2025
... and call centres. Cohorts should be based on factors relevant to members financial outcomes in retirement, including Age Pension status, homeownership, and partnered status. "At a minimum, [trustees will] have three distinct retiree cohorts identified ...

Most retirees who rent live in poverty: Grattan Institute

ANDREW MCKEAN  |  MONDAY, 10 FEB 2025
... three in four single women, and this problem is set to get worse, according to a Grattan Institute report. While the Age Pension provides an adequate, albeit modest income in retirement for those who own their own home - 78% of over 65s are homeowners ...

Almost half of HESTA members retire involuntarily

ELIZA BAVIN  |  MONDAY, 10 FEB 2025
... the expansion of intra-fund advice to include Transition to Retirement, Retirement Income Stream, household view, age pension, and implementation would help provide more Australians access to the benefits of financial advice and support. "We're very ...

AMP launching 'market first' digital advice solution for super members

ANDREW MCKEAN  |  FRIDAY, 7 FEB 2025
... Super members will be able to personalise their retirement income goals and compare it to benchmarks, including the Age Pension and ASFA's Retirement Standard. They can also receive a Retirement Income Score and My Retirement Report, and through ...

How much is needed to maintain your standard of living in retirement?

ANDREW MCKEAN  |  FRIDAY, 24 JAN 2025
... "mid-level" - $1650 per fortnight or $43,000 per year - SCA said $310,00 in savings would be required until age 90; the Age Pension would typically cover 67% of retirement expenses. For single retirees planning to spend at a "high-level" - $2270 per ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... Norway," he said. "Superannuation tax concessions are designed to encourage people to save and reduce dependency on the Age Pension, they are not designed to be used by the very wealthiest in society to avoid paying tax." The Better Targeted Superannuation ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... retirement could look like," calling for super funds to assist members in understanding their eligibility for the age pension or other government benefits. Government agencies should share information on the age pension and other government support payments ...